Moin,
the initial wave of excitement that Rio triggered with the confirmedintention to take over Arcadium has subsided. Rio's ambition is not to be a supporting actor. They want a leading role and see the current market situation, like manyothers, as a favourable time to invest.With a takeover of Arcadium, Rio would join the top 5 lithium producers.
They would have a complete package oftier-one resources in the favoured jurisdictions of Canada, Australia and Argentina. In addition, processing capacities in the USA, China andJapan, as well as expertise in hard rock & brine, special chemicals, logistics, sales, licences and an existing customer base.
The entry into the lithium sector of one of the largestmining companies into the lithium sector was only a question of when and not if.Based on the fact that background discussions had beenmonths and that the talks with Rio certainly had certainly influenced the strategic direction, the latest investorinvestor presence by Arcadium is even more remarkable.
- Focus on Argentina
- Focus on Brine
- Focus on Catamarca
- Focus on Hombre Muerto West
Last week, Rio also announced an investment decision of US$ 2 billion for its existing ‘Rincon’ project in Salta.
Btw (But please don't tell anyone else )
Galan is a developer with the best Argentinian Tier One resources, among the TOP 20 resources worldwide and among the TOP 5 Brine resources. It has an advanced project stage and operational excellence.
Exciting times, with lower Capex, lower Opex, forthcoming approvals, entry of Chemphys, national Interest (Alejandro Bulgheroni, one of the richest argentinians) and exceptional international interest...
...have a nice day
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14.5¢ |
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Mkt cap ! $105.6M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.5¢ | $184.1K | 1.244M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 695492 | 14.5¢ |
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Price($) | Vol. | No. |
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15.0¢ | 755231 | 6 |
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No. | Vol. | Price($) |
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8 | 595492 | 0.145 |
14 | 1349451 | 0.140 |
9 | 1161295 | 0.135 |
12 | 1615626 | 0.130 |
16 | 3627252 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 755231 | 6 |
0.155 | 574721 | 6 |
0.160 | 279791 | 5 |
0.165 | 261600 | 6 |
0.170 | 165635 | 5 |
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